AUD/CAD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.976905 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.9797 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish Harami’ candle chart pattern is detected. The candles show ‘Bearish Harami’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

0.9797 – 0.97911 – 0.9793 – 0.97661 – 0.97471 – 0.97789 —
0.97624 – 0.97629 —
41.434363168937 – 42.918478888553 —
– —
0.9797 – 1776974400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Harami – – – – – – – – –